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Ping An Securities Energy and Chemical 2025 strategy: Energy price reduction cycle, waiting for bottom reversal.
Traditional Energy is still in a price decline cycle, with supply expected to increase steadily by 2025. Demand recovery still requires waiting, and the overall fundamentals are relatively weak. The price center may continue to move downward, but the year-on-year decline is expected to narrow.
National Bureau of Statistics: In November, the output of raw coal from large-scale industries was 0.43 billion tons, an increase of 1.8% year-on-year.
On December 16, data from the National Bureau of Statistics showed that in November, the output of industrial raw coal from enterprises above designated size was 0.43 billion tons, a year-on-year increase of 1.8%; the average daily output was 14.266 million tons.
Research Reports digging for gold丨Everbright: China Coal Energy has characteristics of stable profitability and low valuation, initiating a "Shareholding" rating.
Everbright's Research Reports indicate that China Coal Energy (601898.SH), as a leading Thermal Coal enterprise, has characteristics of steady profitability and low valuation, initiating coverage with a "Shareholding" rating. The company holds proven reserves of 26.65 billion tons and recoverable reserves of 13.87 billion tons, ranking third among listed companies in terms of proven reserves and first in recoverable reserves. Based on recoverable reserves and 2023 production, the average recoverable lifespan of the company's coal is as high as 103 years. With guarantees in production and sales volume, prices, and dividend ratios, the company's profitability and dividends are assured for the next few years.
Coal Industrial Concept shares generally rise. YANCOAL AUS (03668) increases by 2.7% as the peak winter coal supply and demand sees "three highs and one decrease."
Jinwu Finance | Coal Industrial Concept stocks rose overall, GREEN LEADER (00061) increased by 3.13%, KINETIC DEV (01277) rose by 2.76%, YANCOAL AUS (03668) increased by 2.7%, SHOUGANG RES (00639) rose by 1.89%, China Coal Energy (01898) increased by 1.01%, and YANKUANG ENERGY (01171) also followed the rise. According to the Central Meteorological Administration, a strong cold air mass will affect most areas of our country from the 11th to the 14th, and from the 15th to the 16th, the minimum temperature line of zero degrees Celsius will push south to the middle and lower reaches of the Yangtze River. The relevant officials from the National Energy Administration introduced that this year
China Coal Energy's (HKG:1898) Returns On Capital Are Heading Higher
Does China Coal Xinji EnergyLtd (SHSE:601918) Have A Healthy Balance Sheet?
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